10 Jun '11
Mobile operator Vympelcom, working under Beeline brand, has purchased 90% shares in Primorsky region telecom services provider Novaya Telefonnaya Kompaniya (New Telephone Company, NTC), Kommersant reports.
Under plans, in Q3 2011 the company is to purchase the remaining 10% shares in NTC through mandatory offer.
Vympelcom buys NTC at to the companyís estimated price of $420m, the newspaper said.
The seller is Korean group KT Corporation.